Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity July 18, 2014 By Noah Buhayar Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc.,...
Typhoon Rammasun Poised to Strike Hainan Province in China: AIR July 18, 2014 According to catastrophe modeling firm AIR Worldwide, after striking the Philippines with high winds and floods, “a strengthening Typhoon Rammasun...
Malaysia Airlines Plane Crash Insurance May Pose Quandary July 18, 2014 Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that...
Firms Dropping Birth Control Coverage Must Inform Employees July 18, 2014 By Alex Wayne Closely held companies that decide to drop insurance coverage of birth control for religious reasons have 60 days to tell...
Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash July 18, 2014 By Noah Buhayar Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over...
GFIA Supports Business 20 Initiatives to Promote Economic Growth, Stability July 18, 2014 The Global Federation of Insurance Associations (GFIA) has issued a bulletin noting the organizations support for the “recommendations made by...
McCafferty to Become CEO of UK’s Flood Re: ABI July 18, 2014 A bulletin from the Association of British Insurers announces that “Brendan McCafferty has been appointed CEO of Flood Re, after...
Insured Losses From Hurricane Arthur Below $250 Million: RMS July 18, 2014 Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS...
Chief Executive Insurance Services Launches Personal Director’s Liability Coverage July 18, 2014 Chief Executive Insurance Services has launched an enhanced personal director’s liability (PDL) policy. Coverage is available to members of Chief...
New York AG Proposes Bill to Blunt Effect of Hobby Lobby Ruling July 17, 2014 New York Attorney General Eric T. Schneiderman and the state’s Senate Democratic Conference Leader Andrea Stewart-Cousins said today they would...